Since the removal of the Embarcadero Freeway over 20 years ago, San Francisco’s waterfront has enjoyed a renaissance of new development that has transformed the area into one of the most iconic – and visited – parts of the city. This November, voters have the opportunity to continue in this waterfront resurgence with the passage of Proposition B and the 8 Washington project.

Proposition B, also known as the Open up the Waterfront Initiative, reaffirms the port and city approvals already awarded to the 8 Washington project, which will be located at the corner of The Embarcadero and Washington Street. Praised by urban architecture experts for its well-integrated design that improves waterfront access, the project will bring new housing, retail, parks, recreation and open space to an area now occupied by a surface parking lot and private tennis club fenced off to the public.

The 8 Washington project is also good for the economy. Not only will it create 400 new jobs, it also generates $350 million in benefits for San Francisco, including millions in new revenue for much needed port infrastructure improvements. In addition, 8 Washington will deliver $11 million for the creation of new affordable housing.

With so many benefits, it’s hard to imagine why anyone would oppose 8 Washington. Unfortunately, the politics of obstruction and self-interest have delayed this project for seven years. Don’t be fooled by the rhetoric, 8 Washington is a smart plan that is good for our city.

San Francisco’s waterfront should be a vibrant, open and inviting place for all to enjoy. After nearly a decade of planning and five years of study, the San Francisco Port Commission, Planning Commission, Board of Supervisors, Mayor Ed Lee and California State Lands Commission have all endorsed and approved 8 Washington. Now voters must weigh-in to move this important project forward and stop the NIMBY (“Not In My Backyard”) activists from holding it hostage any longer.

Vote Yes on Proposition B this November and keep San Francisco’s waterfront renaissance going.

Click here to download the Chamber’s complete voting guide for the November 5, 2013 election.